The EU commission promises security review after online fraudsters carried out a “widespread” cyber attack on the European Union’s Emissions Trading Scheme (ETS). This latest online scam involved fake emails which asked users of the carbon trading registries to log on to a malicious website then disclose their user identification code and password – with this data the cyber attackers carried out fraudulent transactions at their victims’ expense, for example by stealing carbon emissions trading certificates.
The widespread “phishing” attack took place last Thursday where after being alerted by the Netherlands and Norway, the EU Commission informed all 27 member states about the situation and requested they take “appropriate security measures” immediately.
An EU executive stated that “Some fraudulent transactions were carried out” but assured that the security of the Community Registry and transaction log “has not been compromised”
The Emissions Trading Scheme has been developed as a method of putting a price on carbon dioxide emissions to turn them into a valuable resource in an attempt to reduce emissions from industry and to limit the effects of global warming, where following the cyber attacks, the European Commission has said via a statement that it:
“Intends to prepare revised Internet security guidelines”
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Source: energy-daily.com
Tags: business utilities
